House Republicans move to regulate crypto industry with a new subcommittee

From cnbc.com

Republican lawmakers announced late Thursday the launch of a new subcommittee that will oversee the crypto and fintech industries, the first of its kind in the U.S., after a tumultuous period for digital currencies. French Hill of Arkansas will chair the Subcommittee on Digital Assets, Financial Technology, and Inclusion, which will be part of the House Financial Services Committee. Hill, who was also appointed vice chair of the broader committee, said in a statement that a bipartisan effort is needed for “FinTech innovation to flourish safely and effectively in the United States.” The unregulated nature of the ... (full story)